The Global Medical Device and Accessories Market is expected to grow at a compound annual growth rate of 6.41% in the forecast period of 2021 to 2028 and is expected to reach USD 181,354.14 million by 2028. The rising prevalence of chronic diseases and growing number of surgical procedures across the globe are significant factors driving the market growth rate.
Likewise, the growing government and companies’ investment in healthcare projects and infrastructure development and the rapid increasing number of agreements between companies to manufacture cost-effective medical devices, increasing medical tourism and high demand for medical devices will produce lucrative opportunities for the growth of the medical device and accessories market.
Medical Device and Accessories Market Scenario
According to Data Bridge Market Research the market for medical device and accessories is expected to accelerate the market’s growth owing to the increasing economic growth and rising geriatric population. Moreover, the increasing use of non-invasive devices and increasing disease awareness are also expected to fuel the demand of the medical device and accessories market over the forecast period of 2021 to 2028. The surging demand for infection control measures to curtail the occurrence of hospital-acquired infections also boost the overall growth of the market. Whereas, factors such as lack of awareness regarding these instrument treatments as well as the lack of research and development in the underdeveloped are expected to hinder the growth of the medical device and accessories market in the aforementioned forecast period. The stringent government regulation and pricing pressure is most likely to be posed as one of the challenges for the growth of the medical device and accessories market in the forecast period.
Now the question is which are the other regions that medical device and accessories market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific due to rapidly improving technology, growing need for better monitoring devices and the presence of large patient pool within this particular region.
For more analysis on the medical device and accessories request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-medical-device-and-accessories-market
Medical Device and Accessories Market Scope
Medical device and accessories market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- All country based analysis of medical device and accessories market is further analyzed based on maximum granularity into further segmentation. Medical device and accessories market is segmented on the basis of type into diagnostic devices and therapeutic devices. On the basis of device type, the medical device and accessories market is segmented into coronary pressure monitors, catheters, therapeutic medical guide, cochlear implant, cardiovascular application, dental implant, nerve stimulator, diabetes monitors and suture needles. Based on application, the medical device and accessories market is segmented into urology, wound care, radiology, respiratory, infection control, cardiology, in vitro diagnostics and others. The end user segment of medical device and accessories market is segmented into hospitals, ambulatory surgical centers, clinics and others.
- Medical devices and accessories are used by doctors or surgeons in hospitals, ambulatory surgical centers and clinics to diagnose, prevent, mitigate, cure or treat diseases or conditions of patients. They are highly beneficial to healthcare providers as well as patients.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-medical-device-and-accessories-market
Key Pointers Covered in the Medical Device and Accessories Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Healthcare Outcomes
- Market Cost of Care Analysis
- Market Regulatory Framework and Changes
- Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Abbott
- Medtronic
- Koninklijke Philips N.V.
- SAMSUNG
- BD
- Johnson & Johnson Services, Inc.
- Stryker
- GENERAL ELECTRIC COMPANY
- Siemens Healthcare GmbH
- Danaher
- Boston Scientific Corporation
- Baxter
- 3M
- Cook
- Merit Medical Systems
- Thermo Fisher Scientific, Inc.
- Smith+Nephew
- B. Braun Melsungen AG
- Cardinal Health
- Fresenius Medical Care AG & Co. KGaA
Above are the key players covered in the report, to know about more and exhaustive list of medical device and accessories companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-device-and-accessories-market
Research Methodology of Global Medical Device and Accessories Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Related Reports
- Global Disposable Medical Devices Sensors Market - Industry Trends and Forecast to 2028
- Europe Disposable Medical Devices Sensors Market - Industry Trends and Forecast to 2027
- North America Disposable Medical Devices Sensors Market - Industry Trends and Forecast to 2027
Browse in Healthcare Category Related Reports@ https://www.databridgemarketresearch.com/report-category/healthcare/
